NEWSWORTHY

Business / Corporate Jan 12, 2016

Sharp to seek additional financial assistance from creditor banks

Sharp Corp. is planning to ask its major creditor banks for ¥150 billion in additional assistance, in line with a rehabilitation plan under a government-backed corporation turnaround fund, sources said. Under the restructuring plan of the Innovation Network Corp. of Japan, the struggling electronics manufacturer ...

Business / Corporate Oct 11, 2015

Public-private fund might lead Sharp rehab quest

A public-private fund might invest in struggling Sharp Corp. to lead the electronics maker's turnaround, sources close to the matter said. The investment might amount to around ¥200 billion ($1.7 billion), the sources said Saturday. Sharp's liquid crystal display panel business is expected to post ...

Business / Corporate Mar 25, 2014

Japan Display earns big return for INCJ despite IPO flop

Look beyond the messy initial public offering of Japan Display Inc. and there's a surprising tale in the numbers: The government helped combine three struggling businesses, restructure them to turn the combined entity profitable — and made money in the process. The government-backed Innovation Network ...